Corporate and Individual Strategies to Respond to the Protectionism Worldwide
The Surging Protectionist Sentiment There is a surge of protectionism and populism worldwide. From President Trump’s Protectionist Rhetoric and his America First and Make America Great Again slogans to the rise of Anti Immigrant sentiment in Brexit Britain and the latent hyper nationalism in other countries around the world, there is a backlash against globalization. […]
Contract Logistics – Key block in Supply Chain Management
Supply Chain Activities constitute multi-modal transportation, customs clearance, and warehousing activities in one or more locations in the entire network. Supply chain activities may be local referring to within the country or regional meaning within a continent or region and global which is essentially intercontinental. Global operations are the order of the day as businesses […]
Marketing Channel Systems – Meaning and Important Concepts
Introduction The last two decades have changed the way business is getting conducted. Some businesses are still using traditional channel systems but advent of the Internet has revolutionized distribution channels. Companies are changing business models to leverage Internet advantage. With open proliferation of information, customer expectations are reaching new heights. Companies need to figure out […]
The Argument against Planned Obsolescence
Planned obsolescence is often considered to be a part of the capitalist ideology. The supposed logic behind planned obsolescence is that capitalist companies put inferior components in their products. As a result, these products do not last as long. Since the products break down sooner, the customers are forced to buy new products. Opponents of […]
The Mobile Wave is the Wave of the Future
The evolution of media and its interaction with business trends has gone through several waves. If it was Web 1.0 with the introduction of the internet, then it was Web 2.0 with the explosion of social media. Both these waves of innovation revolutionized the virtual world and gave new meanings to how we live, shop, […]
In the business world today, every customer expects Organizations to walk the talk. Being sensitive to customer expectations and to ensure that the business operations are not hampered due to any reason, organizations have begun to take the concepts of Disaster Recovery and Business Continuity plans seriously.
The concept of Disaster recovery is of prime importance in technology companies who cannot afford any instability of failure of their systems and processes due to failure of hardware, software, applications, database, network, communications or any other technology related area. However the concept of planning for disaster recovery is not limited to technology companies alone. Most of the multinational and global organizations, research organizations as well as service sector organizations including banks, credit card companies, airlines, hospitals and others too have adapted this practice. In the ultimate analysis they have realized that it pays to cover yourself against any possible risk or threat to your business and the cost of doing so is considered to be a necessary expenditure.
Disaster Recovery and Business Continuity plans are mainly focused on getting the business process up and running in the least minimum time. However it may be noted that Disaster Recovery is not the same as Business Continuity, though both are interweaving most of the time. In both cases, the recovery plan involves the concept of Disaster Recovery or Business Continuity Center or site. One has several options available to locate and setup the DR or BC Center depending upon the nature and size of business, the criticality of business processes, location and many more parameters.
DR or BC site refers to an alternate site or location that is fully equipped and ready to use in case of emergency or need. When in case of crises or a threat, if the systems fail and the business is hampered, then a team of workers can immediately relocate to the DR or BC Site and start minimal operations as planned. Thus the DR or BC site provides an alternative and ready solution to ensure that the business is up and running.
Depending upon the plan and the nature of business, Organizations can use any one of the following options to set up the DR & BC Center.
Using the above options depends upon the business operations and the financial outlay budgeted in the DR & BC Plan. In case of IT system recoveries, the options will have to be worked out more elaborately.
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